Calif. Legislators Unveil Homeowner Protection Bills

Law360, New York (February 29, 2012, 7:28 PM ET) -- California lawmakers on Wednesday unveiled a set of proposed state laws they said would protect homeowners from unfair mortgage and foreclosure practices, a month after President Barack Obama proposed a homeowners bill of rights in his annual State of the Union address.

Dubbed the California Homeowner Bill of Rights, the six bills would, among other things, establish basic standards and greater transparency in the mortgage process and protect renters living in foreclosed homes, as well as expand the state's prosecutorial powers over illegal mortgage and foreclosure...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required